Appearing on the Joe Rogan Experience podcast, Twitter and Square CEO, Jack Dorsey, stated that the Internet will eventually have a currency, which he thinks will likely be Bitcoin. ‘I Think It Will Be Bitcoin’ Appearing on the Joe Rogan Experience podcast, which has over 4.4 million subscribers, Dorsey stated his conviction that the Internet was evolving towards having a native currency. For the Twitter and Square chief, Bitcoin, the top-ranked cryptocurrency seems best-suited to
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Regulators in Malaysia have released an amended set of rules for businesses engaged in trading Bitcoin and other cryptocurrencies. This move comes as part of the government’s efforts to regulate the industry with laws for initial coin offerings (ICOs) expected later in the year. Registration Requirements for Bitcoin Exchanges Malaysia’s Securities Commission (SC) on Thursday (January 31, 2019) announced amendments to its Guidelines on Recognized Markets, introducing regulations for cryptocurrency exchange platforms. The country’s financial regulatory
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Bitcoin remains the most popular cryptocurrency in the world today with a network that spans across the globe. But just what the distribution of Bitcoin nodes tell us about the rate of adoption of the top-ranked cryptocurrency on a global scale? Global Distribution of Bitcoin Nodes According to a 2019 study by Themetafriend, there are 36 countries in the world with at least one percent of their population as Bitcoin users. This study assumed a relationship
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Nasdaq has unveiled its comprehensive onboarding process for Bitcoin exchanges looking to use its proprietary surveillance tools as part of efforts to combat wash trading and other forms of market manipulation. The stock exchange operator says that it has already on-boarded seven platforms. Rigorous Vetting Needed for Bitcoin Exchanges Nasdaq has a team of 20 people conducting due-diligence checks on Bitcoin exchanges that want to start using the company’s trading surveillance technology, reports Forbes. This team
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Iran has lifted the ban on Bitcoin and cryptocurrency as it takes another step towards its own sovereign cryptocurrency amid talks with foreign nations as potential partners. Iran Unbans Bitcoin, ICOs Today, Iran’s central bank has released an early draft of its cryptocurrency laws, lifting the previous ban on Bitcoin, cryptocurrencies, digital tokens, and ICOs, reports to Al Jazeera. Nevertheless, the regulations will impose restrictions on the use of virtual currencies inside the country. Thus,
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JPMorgan analysts say Bitcoin appeal only exists in a dystopian environment. The Wall Street giant also believes Bitcoin isn’t a safe haven despite outperforming the S&P and Dow Jones over the past decade. JPMorgan: Bitcoin Only Valuable in a Dystopia In a note to clients published last week, JPMorgan analyst Jan Loeys poured cold water on Bitcoin’s value proposition. Loeys, who is also JPMorgan managing director said that the top-ranked cryptocurrency would only have real value
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Reports indicate that Galaxy Digital is looking to raise $250 million to fund loans to cryptocurrency companies. Cryptocurrency Bank Set for Fundraising Round According to Business Insider, the cryptocurrency bank wants to offer cryptocurrency-collateralized US dollar loans to companies operating in the industry. Anonymous sources reportedly familiar with the project say Galaxy will accept crypto-assets as well as mining hardware as collateral for the loans. The reports also indicate that Galaxy Digital will close the first
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Ripple recently released its final quarterly performance for 2018 showing total XRP sales of $535.56 million for the whole of 2018. XRP sales decreased in the fourth quarter of 2018 while trading volume increased. $535 Million in Total XRP Sales for 2018 According to the report, Ripple sold a total of $535.56 million in XRP tokens for 2018 as a whole. Of this figure, $171 million or roughly a third came from institutional buyers while
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Bitcoin is fast approaching the longest downward price streak in its ten-year history. The question among some analysts is what happens next? 402 Days and Counting Between November 2015 and January 2017, the top-ranked cryptocurrency experienced its most protracted price correction lasting 410 days. Ultimately, BTC price bottomed out before a period of accumulation and sideways trading, which set up the bull market of 2016/2017. This bull run culminated in the mid-December 2017 all-time high
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The Pennsylvania Department of Banking and Securities (DoBS) says cryptocurrency exchanges in the state do not require Money Transmission Business Licenses. MTA Not Applicable to Bitcoin in Pennsylvania In a memo titled “Money Transmitter Act Guidance for Virtual Currency Businesses,” the Pennsylvania DoBS clarified that the Money Transmitter Act (MTA) did not apply to cryptocurrency exchanges. The clarification focused on the precise definitions encompassed in the MTA, which focused on what constitutes money and when is
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